Several shareholders, including Nick Train, have intimated they will reject Unilever’s plans to move its headquarters to the Netherlands until they get answers from the consumer goods giant on why they should forfeit their plc shares.
Nick Train has told Finsbury Growth & Income investors double-digit falls in major holdings over the year to date provides places to deploy cash, which he expects to come in for bids on Fidessa and Dr Pepper.
Market volatility in Q1 failed to hit Hargreaves Lansdown assets under administration (AUA), which grew 3.1% over the first four months of the year.
Nick Train has said he will not be drawn into investing in oil majors despite the bumper returns they have delivered for his investment trust’s FTSE All Share benchmark.
Nick Train has argued he hasn’t missed out “on the transformative changes in technology”, despite owning few pure tech companies in his Lindsell Train Investment Trust.
Shares in British software firm Sage, owned by a slew of big shareholders including Terry Smith and Nick Train, have taken a major hit after the group missed its revenue growth target.
A stretched premium has seen Lindsell Train top investment trusts for performance in the first quarter, over a period when the listed closed-ended funds outperformed wider markets, according to a report from Stifel.
Nick Train says it is wrong to categorise his funds as bond proxies even as he defends the outlook for the interest-rate sensitive type of equities.
Academic publisher Pearson returned to profit in 2017 after posting a loss of nearly £2.5bn in 2016, its annual results showed today.
Winterflood Investment Trusts (Wins) has made a number of changes to its model portfolio, including dropping Nick Train’s Finsbury Growth & Income Trust and adding the Aurora Investment Trust.
Daily Mail & General Trust (DMGT) and Burberry weighed heavy on Nick Train’s Finsbury Growth and Income Trust last November, lowering its net asset value (NAV) by 1%.
Fund managers Blake Hutchins and Nick Train are keeping the faith with Daily Mail and General Trust (DMGT) despite its recent stock price wobble.
